Tag: Estimates

Posted on

National Bank Financial Analysts Decrease Earnings Estimates for GFL Environmental Inc. (TSE:GFL)

National Bank Financial Analysts Decrease Earnings Estimates for GFL Environmental Inc. (TSE:GFL)

GFL Environmental Inc. (TSE:GFL – Get Ranking) – Equities researchers at Countrywide Financial institution Economical dropped their FY2022 earnings estimates for shares of GFL Environmental in a take note issued to buyers on Wednesday, October 19th. National Bank Financial analyst R. Merer now anticipates that the firm will write-up earnings for each share of $.51 for the yr, down from their former estimate of $.59. The consensus estimate for GFL Environmental’s current complete-calendar year earnings is $.91 per share.

GFL Environmental (TSE:GFL – Get Ranking) final issued its earnings outcomes on Wednesday, July 27th. The corporation documented C$.24 earnings for every share for the quarter, beating the consensus estimate of C$.17 by C$.07. The business experienced earnings of C$1.71 billion through the quarter, as opposed to analysts’ anticipations of C$1.56 billion.

GFL Environmental Inventory Effectiveness

Shares of GFL opened at C$35.57 on Monday. The inventory has a market place cap of C$12.20 billion and a P/E ratio of -35.78. GFL Environmental has a 12-month small of C$31.57 and a 12-month superior of C$54.01. The business has a present-day ratio of .63, a rapid ratio of .55 and a personal debt-to-fairness ratio of 149.67. The business has a 50-day transferring regular of C$36.62 and a two-hundred working day going ordinary of C$36.68.

GFL Environmental Will increase Dividend

The business also lately disclosed a quarterly dividend, which will be paid on Monday, Oct 31st. Shareholders of document on Monday, Oct 17th will be paid a dividend of $.017 for every share. This is an enhance from GFL Environmental’s preceding quarterly dividend of $.02. This signifies a $.07 annualized dividend and a yield of .19{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend is Friday, October 14th. GFL Environmental’s payout ratio is at the moment -5.73{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Insiders Spot Their Bets

In other GFL Environmental information, Senior Officer Jonathan Lucas (Luke) Pelosi sold 27,484 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares had been offered at an typical rate of C$35.45, for a complete transaction of C$974,307.80. Subsequent the completion of the sale, the insider now specifically owns 233,798 shares in the corporation, valued at C$8,288,139.10. In other news, Senior Officer Jonathan Lucas (Luke) Pelosi offered 27,484 shares of the business’s stock in a transaction on Tuesday, September 27th. The shares were being sold at an normal selling price of C$35.45, for a whole transaction of C$974,307.80. Adhering to the transaction, the insider now specifically owns 233,798 shares of the company’s stock, valued at C$8,288,139.10. Also, Senior Officer Edward Christian Glavina bought 3,373 shares of the business’s inventory in a transaction on Wednesday, September 7th. The stock was offered at an common cost of C$36.83, for a overall transaction of C$124,225.90. Pursuing the transaction, the insider now immediately owns 19,888 shares in the enterprise, valued at C$732,465.10.

About GFL Environmental

(Get Rating)

GFL Environmental Inc operates as a diversified environmental products and services firm in Canada and the United States. The corporation delivers non-harmful solid waste management, infrastructure and soil remediation, and liquid waste management services. Its strong squander management enterprise line consists of the assortment, transportation, transfer, recycling, and disposal of non-hazardous stable waste for municipal, residential, and professional and industrial prospects.

Suggested Stories

Earnings History and Estimates for GFL Environmental (TSE:GFL)

This prompt information inform was generated by narrative science know-how and monetary data from MarketBeat in get to offer audience with the speediest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Be sure to deliver any thoughts or comments about this tale to speak to@marketbeat.com.

In advance of you contemplate GFL Environmental, you are going to want to hear this.

MarketBeat retains keep track of of Wall Street’s major-rated and greatest accomplishing study analysts and the stocks they recommend to their shoppers on a day by day basis. MarketBeat has determined the five stocks that best analysts are quietly whispering to their purchasers to acquire now in advance of the broader market catches on… and GFL Environmental was not on the checklist.

Even though GFL Environmental now has a “Get” score amid analysts, best-rated analysts believe these 5 shares are far better purchases.

See The Five Stocks Here

Posted on

National Bank Financial Analysts Lift Earnings Estimates for MTY Food Group Inc. (TSE:MTY)

National Bank Financial Analysts Lift Earnings Estimates for MTY Food Group Inc. (TSE:MTY)

MTY Foodstuff Group Inc. (TSE:MTY – Get Score) – Investment analysts at Nationwide Financial institution Economical upped their FY2023 EPS estimates for MTY Food items Team in a exploration report issued to consumers and investors on Monday, September 26th. Countrywide Lender Fiscal analyst V. Shreedhar now forecasts that the firm will get paid $4.48 for every share for the calendar year, up from their past forecast of $4.45. The consensus estimate for MTY Food items Group’s existing total-year earnings is $4.40 per share.

MTY Foods Team (TSE:MTY – Get Rating) last issued its quarterly earnings information on Friday, July 8th. The business reported C$1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.00 by C$.17. The company experienced profits of C$162.52 million for the quarter, in contrast to analyst estimates of C$155.00 million.

A amount of other analysis companies have also commented on MTY. Nationwide Bankshares greater their value goal on MTY Food stuff Group from C$63.00 to C$68.00 and gave the corporation an “outperform” ranking in a investigation take note on Wednesday, August 10th. TD Securities lifted their selling price target on shares of MTY Food items Team from C$62.00 to C$70.00 and gave the stock a “keep” score in a investigation note on Wednesday, August 10th. Royal Financial institution of Canada boosted their price objective on shares of MTY Food Group from C$66.00 to C$67.00 and gave the firm a “sector conduct” ranking in a research report on Wednesday, August 10th. CIBC lifted their goal price tag on shares of MTY Meals Group from C$68.00 to C$75.00 and gave the stock an “outperform” rating in a investigation report on Friday, August 12th. At last, Scotiabank boosted their rate target on MTY Food items Team from C$64.00 to C$68.50 in a report on Wednesday, August 10th. A single expense analyst has rated the stock with a promote ranking, a few have assigned a hold ranking and 4 have issued a acquire score to the inventory. According to details from MarketBeat.com, the inventory currently has a consensus rating of “Maintain” and a consensus cost target of C$70.94.

MTY Food stuff Team Stock Effectiveness

MTY Foodstuff Group stock opened at C$56.71 on Wednesday. MTY Foodstuff Team has a fifty-two week reduced of C$45.20 and a fifty-two week superior of C$71.91. The corporation has a market capitalization of C$1.38 billion and a value-to-earnings ratio of 14.85. The inventory has a fifty day transferring ordinary of C$59.14 and a two-hundred working day moving normal of C$54.89. The organization has a personal debt-to-fairness ratio of 118.74, a swift ratio of .57 and a present ratio of .63.

MTY Foodstuff Team Announces Dividend

The enterprise also lately declared a quarterly dividend, which was paid on Monday, August 15th. Buyers of record on Wednesday, August 3rd had been issued a $.21 dividend. This signifies a $.84 dividend on an annualized basis and a produce of 1.48{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Tuesday, August 2nd. MTY Foods Group’s payout ratio is at present 20.68{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

MTY Meals Team Corporation Profile

(Get Rating)

MTY Foodstuff Group Inc franchises and operates swift-support, rapid-casual, and relaxed dining dining places in Canada, the United States, and internationally. The business also sells retail goods less than a multitude of banners. As of November 30, 2021, the corporation experienced 6,719 destinations comprising 6,603 franchised, 23 joint ventures, and 93 corporate areas.

Additional Looking through

Earnings History and Estimates for MTY Food Group (TSE:MTY)

This instantaneous news alert was produced by narrative science technology and money info from MarketBeat in buy to present visitors with the fastest and most exact reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Make sure you deliver any issues or feedback about this tale to get hold of@marketbeat.com.

Just before you contemplate MTY Food stuff Group, you can want to hear this.

MarketBeat keeps monitor of Wall Street’s top-rated and most effective doing investigation analysts and the shares they advise to their clients on a every day foundation. MarketBeat has determined the 5 stocks that top analysts are quietly whispering to their clientele to purchase now before the broader market place catches on… and MTY Meals Team was not on the list.

Although MTY Foods Group at present has a “Keep” score among analysts, leading-rated analysts feel these five stocks are far better buys.

Perspective The 5 Stocks Below

Posted on

Jefferies Financial Group Research Analysts Lift Earnings Estimates for MTU Aero Engines AG (OTCMKTS:MTUAY)

Jefferies Financial Group Research Analysts Lift Earnings Estimates for MTU Aero Engines AG (OTCMKTS:MTUAY)

MTU Aero Engines AG (OTCMKTS:MTUAY – Get Ranking) – Investigate analysts at Jefferies Economical Group upped their FY2025 earnings for every share (EPS) estimates for shares of MTU Aero Engines in a report issued on Wednesday, July 27th. Jefferies Financial Group analyst C. Lemarie now expects that the corporation will post earnings of $7.79 per share for the year, up from their former estimate of $7.37. The consensus estimate for MTU Aero Engines’ existing complete-yr earnings is $4.05 for every share.

MTUAY has been the matter of a number of other exploration studies. Berenberg Financial institution upgraded MTU Aero Engines from a “maintain” ranking to a “get” ranking in a report on Wednesday, June 15th. JPMorgan Chase & Co. elevated their focus on value on MTU Aero Engines from €245.00 ($250.00) to €255.00 ($260.20) in a study take note on Thursday, Might 5th. At last, Oddo Bhf reduced MTU Aero Engines from an “outperform” ranking to a “neutral” rating in a investigate notice on Wednesday, April 13th. A single analyst has rated the stock with a sell score, a few have assigned a maintain rating and 8 have specified a invest in ranking to the firm’s stock. According to MarketBeat.com, MTU Aero Engines presently has a consensus score of “Moderate Acquire” and a consensus goal rate of $221.67.

MTU Aero Engines Stock Up .2 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Shares of MTUAY inventory opened at $96.86 on Friday. MTU Aero Engines has a 12 month small of $82.05 and a 12 month higher of $126.03. The business has a current market cap of $10.35 billion, a PE ratio of 39.06 and a beta of 1.39. The inventory has a 50 day relocating average of $93.80 and a 200-day transferring common of $103.16. The enterprise has a brief ratio of .92, a present-day ratio of 1.37 and a personal debt-to-fairness ratio of .52.

Advert Investing Every day

27 U.S. Towns The place Stocks Generate 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} a Year

What’s the highest-yielding stock you’ve at any time owned? The dividends for these shares have risen so fast in excess of the several years that they’re now yielding us an regular of 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}!
When you start off finding compensated 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on your cash, your financial troubles have a tendency to quite significantly evaporate.

MTU Aero Engines Dividend Announcement

The business also just lately disclosed a dividend, which was paid out on Tuesday, Could 24th. Shareholders of report on Monday, May well 9th have been issued a dividend of $.8009 for every share. This represents a yield of .8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date was Friday, May well 6th. MTU Aero Engines’s dividend payout ratio (DPR) is 30.65{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About MTU Aero Engines

(Get Score)

MTU Aero Engines AG, collectively with its subsidiaries, develops, manufactures, markets, and maintains commercial and armed forces engines, and aero spinoff industrial gasoline turbines in Germany, other European nations around the world, North The us, Asia, and internationally. It operates as a result of two segments, Industrial and Military Engine Enterprise and Business Servicing Business enterprise.

Advisable Stories

This immediate news inform was generated by narrative science engineering and monetary data from MarketBeat in get to deliver audience with the quickest and most accurate reporting. This tale was reviewed by MarketBeat’s editorial group prior to publication. You should mail any queries or responses about this story to speak to@marketbeat.com.

Ought to you make investments $1,000 in MTU Aero Engines suitable now?

Right before you consider MTU Aero Engines, you are going to want to hear this.

MarketBeat keeps monitor of Wall Street’s top-rated and most effective performing investigate analysts and the stocks they advise to their clients on a every day foundation. MarketBeat has determined the 5 stocks that top rated analysts are quietly whispering to their consumers to purchase now just before the broader sector catches on… and MTU Aero Engines was not on the record.

While MTU Aero Engines at present has a “Moderate Purchase” ranking among the analysts, major-rated analysts think these 5 stocks are superior buys.

Watch The 5 Shares Below

Posted on

National Bank Financial Analysts Cut Earnings Estimates for GFL Environmental Inc. (TSE:GFL)

National Bank Financial Analysts Cut Earnings Estimates for GFL Environmental Inc. (TSE:GFL)

GFL Environmental Inc. (TSE:GFL – Get Score) – Analysts at National Bank Fiscal dropped their FY2023 earnings for every share estimates for shares of GFL Environmental in a research take note issued to investors on Sunday, July 24th. National Bank Economic analyst R. Merer now expects that the organization will publish earnings for each share of $.89 for the year, down from their prior forecast of $.90. The consensus estimate for GFL Environmental’s present comprehensive-yr earnings is $1.03 for every share.

GFL Environmental (TSE:GFL – Get Rating) previous unveiled its quarterly earnings success on Wednesday, Might 4th. The firm noted C$.06 earnings per share for the quarter, beating analysts’ consensus estimates of C($.04) by C$.10. The corporation experienced earnings of C$1.40 billion all through the quarter, in comparison to analyst estimates of C$1.32 billion.

A number of other equities analysts have also weighed in on GFL. ATB Capital increased their price tag focus on on GFL Environmental to C$48.00 and gave the business a “acquire” rating in a exploration report on Tuesday, April 26th. BMO Money Markets assumed coverage on GFL Environmental in a investigation notice on Friday, Could 6th. They issued a “invest in” ranking and a C$42.00 selling price goal for the organization. Eventually, Atb Cap Markets reissued an “outperform” score on shares of GFL Environmental in a analysis be aware on Thursday, March 31st. Nine equities analysis analysts have rated the stock with a obtain ranking, Based mostly on data from MarketBeat, the inventory presently has an average ranking of “Get” and an normal goal rate of C$51.94.

GFL Environmental Investing Down .2 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Advert Piestro

Closing Times To Get Shares In Pizza Robots – Bite Into This $155B Funds Pie by 7/28

Speedy-developing pizza-makers like 800 Degrees and Carbone Cafe Group have purchased $580 million in Piestro’s entirely-automated pizza kiosks so much. And they won’t be the very last.
Tremendous-compact and scalable, with the prospective to maximize cafe revenue margins by 3X, these pizza pods can make a ideal artisan-good quality pie in 3 minutes and run in superior-traffic spaces like airports, malls, school campuses, and far more.

TSE:GFL opened at C$35.08 on Tuesday. The organization has a brief ratio of .42, a present ratio of .72 and a credit card debt-to-fairness ratio of 147.93. GFL Environmental has a 1-year lower of C$31.57 and a 1-year higher of C$54.01. The firm has a market capitalization of C$12.01 billion and a price tag-to-earnings ratio of -35.29. The inventory has a fifty working day straightforward shifting regular of C$35.37 and a 200 working day straightforward shifting regular of C$37.85.

GFL Environmental Dividend Announcement

The business also lately declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of report on Monday, July 18th will be paid out a dividend of $.015 for every share. This signifies a $.06 dividend on an annualized foundation and a dividend yield of .17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend day is Friday, July 15th. GFL Environmental’s dividend payout ratio (DPR) is presently -5.52{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Insider Transactions at GFL Environmental

In other news, Director Arun Nayar acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May well 11th. The stock was acquired at an normal expense of C$37.21 for every share, with a overall price of C$372,054.80. Next the purchase, the director now directly owns 48,205 shares of the company’s stock, valued at C$1,793,490.16.

About GFL Environmental

(Get Score)

GFL Environmental Inc operates as a diversified environmental solutions company in Canada and the United States. The corporation offers non-hazardous strong waste management, infrastructure and soil remediation, and liquid waste management providers. Its strong waste administration business line features the selection, transportation, transfer, recycling, and disposal of non-dangerous strong waste for municipal, residential, and professional and industrial shoppers.

Showcased Tales

Earnings History and Estimates for GFL Environmental (TSE:GFL)

This quick news notify was created by narrative science technologies and economical information from MarketBeat in order to supply audience with the fastest and most correct reporting. This tale was reviewed by MarketBeat’s editorial workforce prior to publication. Please deliver any thoughts or responses about this story to make contact with@marketbeat.com.

Ought to you commit $1,000 in GFL Environmental right now?

In advance of you contemplate GFL Environmental, you’ll want to hear this.

MarketBeat keeps observe of Wall Street’s top-rated and ideal carrying out research analysts and the shares they advise to their customers on a everyday foundation. MarketBeat has identified the five shares that major analysts are quietly whispering to their clientele to get now before the broader market catches on… and GFL Environmental was not on the listing.

Even though GFL Environmental at the moment has a “Acquire” ranking between analysts, top rated-rated analysts imagine these 5 shares are superior buys.

View The 5 Shares Right here

Posted on

National Bank Financial Analysts Cut Earnings Estimates for Taseko Mines Limited (TSE:TKO)

National Bank Financial Analysts Cut Earnings Estimates for Taseko Mines Limited (TSE:TKO)

Taseko Mines Limited (TSE:TKO – Get Score) (NYSE:TGB) – Investment analysts at Nationwide Financial institution Fiscal reduced their FY2022 EPS estimates for Taseko Mines in a report issued on Monday, July 18th. Countrywide Financial institution Economical analyst S. Nagle now expects that the organization will earn $.14 for each share for the yr, down from their prior forecast of $.17. The consensus estimate for Taseko Mines’ latest full-year earnings is $.16 per share.

Taseko Mines (TSE:TKO – Get Ranking) (NYSE:TGB) very last posted its quarterly earnings information on Wednesday, Might 4th. The enterprise described C$.02 EPS for the quarter, missing analysts’ consensus estimates of C$.03 by C($.01). The organization experienced profits of C$118.33 million in the course of the quarter.

A number of other investigate analysts also recently weighed in on the firm. BMO Capital Markets reduce their price concentrate on on Taseko Mines from C$3.50 to C$3.25 in a investigation be aware on Friday, May possibly 6th. TD Securities decreased their price goal on Taseko Mines from C$3.75 to C$3.25 and set a “get” rating on the inventory in a investigate report on Friday, Might 6th. Stifel Nicolaus reduced their price tag target on Taseko Mines from C$3.40 to C$2.50 in a investigation report on Tuesday. Scotiabank decreased their rate goal on Taseko Mines from C$3.00 to C$2.00 in a report on Thursday, July 7th. Last but not least, Countrywide Bankshares diminished their price objective on Taseko Mines from C$1.85 to C$1.70 and set a “sector conduct” rating on the stock in a report on Tuesday. 1 analyst has rated the inventory with a sell rating, two have assigned a maintain ranking and a few have assigned a acquire ranking to the enterprise. According to knowledge from MarketBeat, the firm has a consensus rating of “Maintain” and a consensus value goal of C$2.73.

Taseko Mines Price tag Efficiency

Ad Investing Every day

27 U.S. Cities Where by Shares Produce 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} a Year

What’s the optimum-yielding inventory you have ever owned? The dividends for these stocks have risen so quickly about the several years that they’re now yielding us an ordinary of 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}!
When you start out obtaining compensated 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on your dollars, your money issues are inclined to pretty a lot evaporate.

Shares of TKO opened at C$1.25 on Wednesday. The inventory has a sector cap of C$357.86 million and a P/E ratio of 6.58. The business’s fifty working day moving ordinary is C$1.69 and its 200 day moving normal is C$2.26. Taseko Mines has a 12-thirty day period low of C$1.15 and a 12-month significant of C$3.00. The firm has a quick ratio of 2.33, a present ratio of 3.06 and a financial debt-to-fairness ratio of 143.79.

About Taseko Mines

(Get Rating)

Taseko Mines Confined, a mining corporation, acquires, develops, and operates mineral attributes. The organization explores for copper, molybdenum, gold, niobium, and silver deposits. It retains 75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} fascination in the Gibraltar mine positioned in British Columbia. It also retains 100{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} desire in Yellowhead copper project, the Aley niobium undertaking, and the New Prosperity gold and copper job situated in British Columbia and the Florence copper project found in Arizona.

Advisable Tales

Earnings History and Estimates for Taseko Mines (TSE:TKO)

This quick news warn was produced by narrative science technological know-how and economic details from MarketBeat in order to present visitors with the speediest and most exact reporting. This tale was reviewed by MarketBeat’s editorial crew prior to publication. Remember to send out any issues or reviews about this tale to get hold of@marketbeat.com.

Should you spend $1,000 in Taseko Mines suitable now?

In advance of you contemplate Taseko Mines, you can expect to want to listen to this.

MarketBeat keeps monitor of Wall Street’s major-rated and greatest doing exploration analysts and the stocks they advise to their clients on a daily foundation. MarketBeat has discovered the five stocks that prime analysts are quietly whispering to their consumers to buy now before the broader sector catches on… and Taseko Mines was not on the listing.

When Taseko Mines now has a “Hold” rating amid analysts, top rated-rated analysts think these 5 shares are greater purchases.

View The 5 Stocks Below

Posted on

Capital One Financial Analysts Lower Earnings Estimates for PDC Energy, Inc. (NASDAQ:PDCE)

Capital One Financial Analysts Lower Earnings Estimates for PDC Energy, Inc. (NASDAQ:PDCE)

PDC Energy, Inc. (NASDAQ:PDCE – Get Rating) – Research analysts at Capital One Financial lowered their Q3 2022 earnings estimates for PDC Energy in a report released on Tuesday, July 19th. Capital One Financial analyst B. Velie now forecasts that the energy producer will post earnings per share of $4.13 for the quarter, down from their previous estimate of $5.34. The consensus estimate for PDC Energy’s current full-year earnings is $18.51 per share. Capital One Financial also issued estimates for PDC Energy’s Q4 2022 earnings at $4.63 EPS, FY2022 earnings at $17.21 EPS, Q1 2023 earnings at $4.54 EPS, Q2 2023 earnings at $4.74 EPS, Q3 2023 earnings at $5.05 EPS, Q4 2023 earnings at $5.30 EPS and FY2023 earnings at $19.64 EPS.

Several other research analysts have also commented on PDCE. KeyCorp raised their price target on shares of PDC Energy from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, April 8th. Wells Fargo & Company raised their price target on shares of PDC Energy from $102.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, July 11th. The Goldman Sachs Group cut their price target on shares of PDC Energy from $87.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, July 5th. MKM Partners restated a “buy” rating and issued a $76.00 price target on shares of PDC Energy in a report on Wednesday. Finally, Truist Financial lifted their price objective on shares of PDC Energy from $94.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $87.75.

PDC Energy Price Performance

Ad Chaikin Analytics (leads)

Unlock Wall Street’s Secret Logic with This NEW system

Get a glimpse into a one-of-a-kind system built by a 50-year Wall Street veteran. A new way to see which stocks could soon be rated a “BUY” across Wall Street and shoot up. Learn how you could predict TOMORROW’s stock ratings on Wall Street.

PDCE opened at $60.59 on Friday. PDC Energy has a 1 year low of $34.52 and a 1 year high of $89.22. The company’s 50 day simple moving average is $68.09 and its 200 day simple moving average is $66.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $5.78 billion, a PE ratio of 12.07 and a beta of 2.73.

PDC Energy (NASDAQ:PDCE – Get Rating) last released its earnings results on Wednesday, May 4th. The energy producer reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.48. PDC Energy had a net margin of 26.48{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 38.99{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $316.45 million for the quarter, compared to analysts’ expectations of $702.98 million. During the same period last year, the company earned $1.41 earnings per share. The company’s quarterly revenue was up 10.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

Hedge Funds Weigh In On PDC Energy

Hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its holdings in shares of PDC Energy by 4,577.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Royce & Associates LP now owns 258,266 shares of the energy producer’s stock valued at $12,598,000 after acquiring an additional 252,744 shares during the period. Yousif Capital Management LLC acquired a new position in shares of PDC Energy during the fourth quarter valued at $4,423,000. Citigroup Inc. boosted its holdings in shares of PDC Energy by 20.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Citigroup Inc. now owns 175,595 shares of the energy producer’s stock valued at $8,566,000 after acquiring an additional 29,323 shares during the period. GSA Capital Partners LLP acquired a new position in shares of PDC Energy during the fourth quarter valued at $1,219,000. Finally, First Trust Advisors LP boosted its holdings in shares of PDC Energy by 223.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. First Trust Advisors LP now owns 820,470 shares of the energy producer’s stock valued at $40,023,000 after acquiring an additional 567,065 shares during the period.

Insider Buying and Selling

In related news, CEO Barton R. Brookman, Jr. sold 2,000 shares of PDC Energy stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $68.10, for a total value of $136,200.00. Following the completion of the sale, the chief executive officer now owns 402,201 shares in the company, valued at $27,389,888.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other PDC Energy news, CFO R Scott Meyers sold 1,000 shares of PDC Energy stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $68.47, for a total value of $68,470.00. Following the completion of the transaction, the chief financial officer now owns 118,128 shares of the company’s stock, valued at $8,088,224.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Barton R. Brookman, Jr. sold 2,000 shares of PDC Energy stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $68.10, for a total transaction of $136,200.00. Following the completion of the transaction, the chief executive officer now directly owns 402,201 shares of the company’s stock, valued at approximately $27,389,888.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,038 shares of company stock worth $4,370,386. Insiders own 1.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

PDC Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 9th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.31{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date was Wednesday, June 8th. This is a positive change from PDC Energy’s previous quarterly dividend of $0.25. PDC Energy’s payout ratio is 27.89{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

PDC Energy Company Profile

(Get Rating)

PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company’s operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.

See Also

Earnings History and Estimates for PDC Energy (NASDAQ:PDCE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in PDC Energy right now?

Before you consider PDC Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PDC Energy wasn’t on the list.

While PDC Energy currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here